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Market Wrap

AAP  |  TUESDAY, 7 AUG 2012
... progress in the eurozone debt crisis, traders say. London's benchmark FTSE 100 index of top companies rose by 0.37 per cent to close Monday at 5,808.77 points. Frankfurt's DAX 30 gained 0.77 per cent to 6,918.72 points. Paris's CAC 40 climbed 0.81 per ...

CGT relief for super funds backdated

LINDA HAUSKEN  |  MONDAY, 6 AUG 2012
... will examine the detail of the legislation and respond with a submission in due course. Submissions on the draft exposure close on 24 August 2012.

Market Wrap

AAP  |  MONDAY, 6 AUG 2012
The Australian share market has opened higher on renewed hopes that the US Federal Reserve would announce stimulus measures at its next meeting. At 1018 AEST on Monday, the benchmark S&P/ASX200 index was up 62.7 points, or 1.49 per cent, at 4,284.2 ...

Market Wrap

AAP  |  MONDAY, 6 AUG 2012
... 1,848.68, Sydney closed 1.12 per cent, or 48.0 points, lower at 4,221.5 and Hong Kong shed 0.12 per cent, or 24.02 points, to close at 19,666.18. But Shanghai ended 1.02 per cent higher, adding 21.62 points to 2,132.80, after the country's securities ...

If not now, when?

BENJAMIN ONG  |  FRIDAY, 3 AUG 2012
After all is said and done, much was said but nothing was done. Risk-takers have every reason to feel disappointed for none of the central banks - Fed, ECB, BOE -- that met this week walked their talk (the BOE though didn't do much talking). There weren't ...

Market Wrap - Morning

AAP  |  FRIDAY, 3 AUG 2012
SYDNEY - The Australian market looks set to open lower following falls on Wall Street with investors disappointed the European Central Bank announced no immediate measures to solve the euro zone sovereign debt crisis. At 0739 AEST on Friday, the September ...

Market Wrap

AAP  |  THURSDAY, 2 AUG 2012
The Australian share market is flat with cautious investors waiting to see how the European Central Bank (ECB) will spur euro zone economic growth. At 1045 AEST on Thursday, the benchmark S&P/ASX200 index was up 2.1 points, or 0.05 per cent, at 4,264.9 ...

Direct investors prefer scaled advice

MELANIE TIMBRELL  |  THURSDAY, 2 AUG 2012
... there was also a strong appetite for direct investment options through super, such as some funds are already offering. "Close to half of respondents would be interested in investing in specific Australian shares (48.7%) or term deposits (47.3%) through ...

Portfolio Disclosure guideline released

LINDA HAUSKEN  |  THURSDAY, 2 AUG 2012
A working group formed by the Financial Services Council has put together draft guidelines for portfolio disclosure in response to ASIC's call for super funds and managed funds to disclose their investments last year. The guidelines will propose that ...

No Ben boosta

BENJAMIN ONG  |  THURSDAY, 2 AUG 2012
... stability." So there we have it folks. See you next month. However, there might not be a next month for the ECB. No siree! Not so close after its president, Mario Draghi, told the world that the central bank is prepared to do whatever it takes to save ...